Ultrasonic Sensors Market is driven by Its Increased Demand in Healthcare

Ultrasonic Sensors Industry Overview

The global ultrasonic sensors market size is expected to reach USD 6.00 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.6% from 2021 to 2027. The increasing adoption of ultrasonic sensors in automobiles for applications such as parking assistance systems and Automated Driver Assistance Systems (ADAS) is expected to emerge as a major factor influencing the market growth. The increasing demand for ultrasonic sensors in factory automation is expected to provide lucrative opportunities to market players. 

Ultrasonic sensors are extensively used in the Unusual Motion Detection (UMD) technology that continuously monitors a scene and detects and marks unusual events. Furthermore, vast advancements in ultrasonic sensors such as the usage of matched filters have made them more accurate and more suitable for use in flow measurement by utility companies. Rising demand across these applications is expected to drive market growth over the forecast period.

Ultrasonic Sensors Market Segmentation

Grand View Research has segmented the global ultrasonic sensor market based on technology, type, end-use, and region:

Based on the Type Insights, the market is segmented into Level Measurement, Distance Measurement, Obstacle Detection, and Others.

• The obstacle detection segment accounted for over 10% of the market share in 2020 owing to the increasing usage of these systems in collision avoidance systems of automobiles.
• Stringent government policies and regulations related to the installation of vehicle safety features such as collision avoidance systems and airbags have further fueled the growth prospects of the segment.
• The level measurement segment is anticipated to register a promising CAGR owing to the increasing demand for level sensors for continuous level monitoring in oil and gas, food and beverage, and water and wastewater infrastructure.
• The rising usage of level sensors for monitoring storage units and downstream processing plants has positively impacted demand across the oil and gas sector.

Based on the Technology Insights, the market is segmented into Retro-reflective Sensor, Through-beam Sensor, and Others.

• The retro-reflective segment accounted for the 40% market share in 2020. This can be attributed to the advantages provided by these sensors, including reduced maintenance costs, installation costs, and reliability in detecting transparent objects. 
• The through-beam segment is anticipated to register a high CAGR over the forecast period. This can be attributed to the increasing usage of these sensors in fill-level measurement applications in transparent containers. Furthermore, these sensors are extensively used in water & wastewater treatment plants for measuring the turbidity of water.

Based on the End-use Insights, the market is segmented into Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Industrial, and Others.

• The automotive segment accounted for a 15% share of the market in 2020. In the automotive industry, ultrasonic sensors are widely used in applications such as parking assistance and collision avoidance.
• Several companies, including Texas Instruments Incorporated, Murata Manufacturing Co., Ltd., and NXP Semiconductors, are focusing on the development of ultrasonic sensors for Advanced Driver Assistance System (ADAS), further fueling the market growth.
• The healthcare segment is projected to register the highest CAGR over the forecast period, thanks to the rising demand for ultrasonography and ultrasonic scanning.

Ultrasonic Sensors Region Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Several other players are emphasizing partnerships, mergers, and acquisitions for staying competitive in the market.

Some of the prominent players in the ultrasonic sensors market include:

• Balluff Inc.
• Banner Engineering Corp.
• Baumer
• Hans Turck GmbH & Co. KG
• Ifm electronic GmbH
• Murata Manufacturing Co., Ltd.
• Pepperl+Fuchs GmbH
• SICK AG
• Siemens

Order a free sample PDF of the Ultrasonic Sensors Market Intelligence Study, published by Grand View Research.

Ultrasonic Sensors Market Application, Profit Margin Analysis and Business Environment Study, 2027

Ultrasonic Sensors Industry Overview

The global ultrasonic sensors market size was valued at USD 3.89 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2027. An ultrasonic sensor measures the distance of a target object using ultrasonic sound waves, wherein a transducer is used to send and receive ultrasonic pulses and measure time lapses between their transmission and reception. The growth of the market is driven by the increasing use of ultrasonic sensors for object detection, distance measurement, and pallet detection, among others, across various industries and sectors. Furthermore, as these sensors meet a diverse range of requirements such as material handling, processing, and hygiene detection in the food and beverage industry, their demand has grown significantly in recent years. Moreover, the increasing demand for these systems in the medical industry, for applications such as echo graphs and echocardiograms, is expected to work in favor of the market in near future.

As ultrasonic sensors use higher frequencies compared to electromagnetic sensors, they produce shorter wavelengths that translate into a higher resolution for image processing. As a result, these systems are increasingly being adopted in healthcare applications such as radiography. Furthermore, these systems are used in autonomous mobile robots (AMRs) for the detection of obstacles and determining the vehicle’s distance from the nearest one. As a result, the increasing demand for AMRs in industries and sectors, including automotive, healthcare, oil & gas, and energy, is likely to boost market growth significantly.

Gather more insights about the market drivers, restraints and growth of the Global Ultrasonic Sensors market

In recent years, the increasing demand for features such as collision detection and parking assistance in driverless cars has significantly boosted the growth of the market. Ultrasonic sensors detect the distance to a nearby obstacle and help avoidance of collision with that object. Furthermore, technology companies such as Cruise LLC, Waymo LLC, and Zoox are focused on the development and provision of self-driving car services, which bodes well for market growth. For instance, in December 2018, Waymo LLC announced that it would be launching a self-driving car service in the city of Phoenix, Arizona, U.S. Moreover, several companies, including Texas Instruments Incorporated, Murata Manufacturing Co., Ltd., and NXP Semiconductors, are focusing on the development of ultrasonic sensors for Advanced Driver Assistance System (ADAS), further fueling the market growth. For instance, in March 2019, Texas Instruments Incorporated launched its new ultrasonic sensor MA40S4S, which can detect obstacles from a distance of 20 meters and was designed explicitly for ADAS applications.

Funding by various universities and governments globally for the development of ultrasonic sensors has significantly driven the growth of the market over recent years. For instance, Inductosense, received funding worth USD 12 million in October 2018 from a consortium of investors, including IP Group plc and the University of Bristol, for the development of ultrasonic sensors for monitoring cracks, corrosion, and defects in metals. Furthermore, there has been an increase in demand for ultrasonic sensors for robotic applications such as object detection. This trend, coupled with the rising demand for robots in industries such as healthcare, automotive, and manufacturing in China, Japan, and South Korea, is likely to work well for the market.

The increasing use of these sensors in the manufacturing sector has positively impacted the growth of the market. In the manufacturing sector, ultrasonic sensors find usage for applications such as high-speed counting of objects on a conveyor belt, liquid level control, box sorting scheme, and robotic sensing. Rising demand across other industrial applications, including precision robotics, inventory control systems, and unmanned aerial vehicles, has impacted market growth. In recent years, there has been a significant rise in the application of these systems for level detection in biogas plants, favoring market growth. However, drawbacks such as limited detection range could hamper the market growth. Owing to the presence of the crash protection bar, ultrasonic parking sensors may prove to be physically too deep for installation in the bumper of a range of vehicles.

Browse through Grand View Research's Semiconductors & Electronics Industry Related Reports

Advanced Driver Assistance System Market - The global advanced driver assistance system market size was valued at USD 12.9 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.2% from 2022 to 2030.

Collision Avoidance Sensors Market - The global collision avoidance sensors market size was valued at USD 4.39 billion in 2017 and is anticipated to exhibit a CAGR of 21.2% from 2018 to 2025.

Ultrasonic Sensors Industry Segmentation

Grand View Research has segmented the global ultrasonic sensor market based on technology, type, end-use, and region:

Ultrasonic Sensors Technology Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Retro-reflective Sensor
• Through-beam Sensor
• Others

Ultrasonic Sensors Type Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Level Measurement
• Distance Measurement
• Obstacle Detection
• Others

Ultrasonic Sensors End-use Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Consumer Electronics
• Automotive
• Aerospace & Defense
• Healthcare
• Industrial
• Others

Ultrasonic Sensors Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Share Insights

October 2019: Baumer opened a new production facility in North Macedonia, Balkans. The factory was aimed at ensuring quick deliveries to customers across Europe.

August 2019: Pepperl+Fuchs GmbH launched the UB and UC range of ultrasonic sensors for multiple applications. Additionally, these sensors feature high noise immunity and multiplex capability.

Key Companies profiled:

Some prominent players in the global Ultrasonic Sensors Industry include

• Balluff Inc.
• Banner Engineering Corp.
• Baumer
• Hans Turck GmbH & Co. KG
• Ifm electronic GmbH
• Murata Manufacturing Co., Ltd.
• Pepperl+Fuchs GmbH
• SICK AG
• Siemens

Order a free sample PDF of the Ultrasonic Sensors Market Intelligence Study, published by Grand View Research.